Savings and Loan Association-Issued Securities
Savings Bank-Issued Securities
Used for: Securities issued by and representing an interest in or a debt of or guaranteed by a federal or state-chartered savings bank or savings and loan association.
Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.
Frequently asked questions:
Q: Is the exemption self-executing?
A: Yes. No filing or Consent to Service of Process is required.
Q: May advertisements and mass mailings be used without forfeiting the exemption?
History: Predecessor statute 551.22(4), Wis Stats., adopted January 1, 1970. Amended May, 1992 to include federal or state savings banks. Repealed and recreated effective January 1, 2009